Binance US is a digital asset exchange created by international cryptocurrency exchange, Binance. The company launched the US-based exchange in September 2019.
Binance US is designed to comply with United States regulations, while providing the same features as the original Binance exchange.
The launch of Binance US comes as part of Binance’s wider expansion into the United States market. In June 2019, Binance announced its intention to open a fiat-to-cryptocurrency exchange in America.
The company also revealed that it had applied for a Money Transmitter License (MTL) in the state of New York.
Binance US is available to residents of 40 states and Washington D.C., with more states expected to be added in the future.
The exchange currently supports trading of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH). Binance US has plans to add more coins to its platform in the future.
So far, Binance US appears to be a legitimate exchange that is compliant with United States regulations. The exchange has been welcomed by the cryptocurrency community in America and is off to a good start.
Only time will tell if Binance US can maintain its momentum and become one of the leading cryptocurrency exchanges in the United States.